KONE Oyj·Industrials

Kone remains a buy as Q1 2026 results show broad-based growth, margin expansion, and reduced reliance on new equipment and China. Service and modernization now comprise over 65% of KNYJF sales, supporting resilience despite ongoing Chinese new equipment margin pressures. The TKE deal is a potential game changer, expanding KNYJF's US presence, densifying the service network, and boosting the installed base for modernization.

Brussels' antitrust rules have already once helped derail an attempt to create the world's top lift maker, but Kone's proposed new tie-up with TK Elevator shows the Finnish group is banking on a change in Europe's approach to forging regional champions.
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Residential Flow, a smarter building solution for the movement of people, goods, and information; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. Further, the company provides people flow planning and consulting services; and solutions for special buildings and large projects. KONE Oyj was founded in 1908 and is based in Espoo, Finland.
Industrials
Industrial - Machinery
63,852
2012-01-17
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